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NavigatIIR: Manufacturing Signals Moderate Gains in Latest U.S. Fed Beige Book

NavigatIIR: Manufacturing Signals Moderate Gains in Latest U.S. Fed Beige Book

industrial_manufacturing

Industry Segment: Industrial Manufacturing | Word Count: 638 Words

SUGAR LAND--March 17, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity increased moderately from January to mid-February in most of the 12 U.S. Federal Reserve districts, according to the Fed's latest Beige Book survey of current economic conditions, despite challenges posed by winter power outages, COVID-19-related labor shortages, a shortage of semiconductor chips and rising steel prices. Most businesses remain optimistic regarding the next six to 12 months as COVID-19 vaccines become more widely distributed, but reports on consumer spending and auto sales were mixed.

Within this article: Report on U.S. manufacturing activity

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